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. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
and steve were pioneers of the frontiers of climate science, exploring the role of the oceans in climate change, the role of clouds, the role of aerosol particles, and i could spend a lot of time recounting your scientific contributions. i won't -- i just wanna tell you one very brief story. back in 1988, i was doing my postdoc in hamburg, you testified in front of congress. you said, we see the signal emerging from the noise. that had huge influence on me and on hundreds, thousands of my colleagues. the idea that we could see some coherent human-caused warming signal emerging from the year- to-year or decade-to-decade noise of natural climate variability, it certainly had a discernable influence on my career and on the science i chose to do. germans have a word, zivilcourage, there's not really an english translation for it. and what it means as best as i can translate it is, individuals who show extraordinary courage, not in the extraordinary circumstances of war, but in the extraordinary circumstances of our day-to-day lives. for me you embodied zivilcourage. you've shown not only thr
is on the oine? steve hartman finds out "on the road" next. . ra ght ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app allows you to quickly calculate your mortgage payment based on today's incredibly low interest rates... right from your iphone or android smartphon
ames was written a book with steve forbes, "how capitalism will save us: why free people and free markets are the best answer in today's economy." elizabeth ames, first of all, tell us about yourself and your personal expense, particularly when it comes to economics. >> okay. well, i've been a financial journalist, but i've also been on both sides of the press release. so i started as a journalist and had in my own pr business, and i have also done projects, other communication projects with clients, among them riding, co-authoring books. and basically i have worked with steve forbes on a flat tax book and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him many years ago at an event that i did when i was at the university of southern california. and one thing led to another. i moved to new york, back to new york. i should i'm from new york and started working of course. so elizabeth ames, your practical express prior to working at forbes, how do you inject that into a capitalism will say the? >> basically i've learned a lot since forbes. wh
. steve hayes, senior writer with the "weekly standard" and fox news contributor. jeffrey cleveland senior economist. and doug cote, chief market strategist with ing investment management. i will start with you, sir, doing, sure looks like investors believe we'll get a deal. what do you think? >> i don't think it matters. really what i'm focused on i know what the budget control act of 2011 is. let's call it what it is. it is a loss. why will there be tinkering in the last few days? as a strategist i will not be able to discount what they're doing. i think they just make it worse. i know what i'm getting. they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest prob
thing was going to happen when we got the tv and we got steve jobs and mark zuckerburg. >> but excessive tv use is not good for the brain. wayne got it right. the internet is it important professionally and personally . all kinds of reans it is it the most important since the gut knowburg printing press. it reduces us to sitting down around the dinner table . we spend hours and hours on facebook. there is it a tendency to come a zombie and get in isolation iose . >> and in the end of the day. john, do we have that kind much an attention span. >> this is not rocket science. we are making trig nomety out of arethetic. >> take away the cell phones and computers f. it is not internet its it something else. it helps them with learning. >> julian, thank you for being with us. >> coming up. >> the stuff that will pop >> the stuff that will pop after the ball drops and get [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lo
schwarzkopf and what the world did not know about him. and "on the road" with steve hartman as a man tries to save his wife of 56 years. an unusual request that gets a surprising response. >> got two of them and i only need one. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> glor: good evening, scott is off tonight. i'm jeff glor. it is the end of a holiday week, but it would appear congress is just getting started. tonight, the president said he is mottestly optimistic about a deal to avoid the fiscal cliff, which would mean avoiding automatic tax increases and spending cuts come, you know, 1. the president spoke to the nation this evening after an hour-long meeting with congressional leaders at the white house. democrat and republican leaders have agreed to extend jobless benefits and some tax increases. they appear to remain deadlocked on who exactly will pay those higher taxs. we have two reports tonight, beginning with major garrett at the white house. major, good evening. >> reporter: good evening, jeff. two things are clear tonight that were not cle
attorney steve greeneberg. okay, kids. this thing about the gun permit holders this kind of thing drives me nuts. we did some looking into this, we can't find any record, i will start with you, steve, of this newspaper, for instance, publishing the sex offenders. those people committed crimes. these people owned guns and legally permitted to do so. what do you think about this. >> it's irresponsible. there is is no real reason for it other than to put these people on some kind of map. i understand their outrage. it may be legal and lawful to share this kind of public information. it's clearly irresponsible. because these people now are going to be subject to potentially thieves coming into their houses, taking their guns, targeting them and so forth. the newspaper's reasoning well it's because of what happened in newtown; >> laura: connecticut. >> newtown, connecticut. right. i'm sorry had someone known that the lady had 18 guns, there is no connection between gun ownership and the kinds of things they are trying to target. >> let me simplify this for you. i will go to anna on this. this ne
@captioncolorado.com ,,,,,,,,,,,,,,,, joey fatone: this is joey fatone. it's time to play "family feud." give it up for steve harvey! [captioning made possible by fremantle media] steve: how y'all doing? thanks for coming. thank you very much. thank you for coming, everybody. hey, welcome to "family feud." i'm your man, steve harvey, and like always, we got a good one for you today. returning for the second day, from boston, mass--home of the celtics and the red sox--it's the davis family. and from locust grove, georgia--they're obviously famous for locusts--it's the swanson family. give me samantha, give me ken. let's go. ["family feud" theme plays] folks, here we go. we've got the top 8 answers on the board. name something a man might text
are retired now? caller: yes. host: steve in phoenix, kind of business do you have? caller: i have a trucking company. we move products locally in the state of arizona. the fiscalw how cliff is going to affect me personally. since we cannot produce things, any company that is affected negatively, that will affect us negatively. withn't really do anything any government entities. directly speaking, i don't think it will really affect our customers, because they don't really do the kind of stuff that works with the government. they do the kind of stuff with businesses, manufacturers. the stuff that we carry does not have much to do with defense. a certain group of people say that we need to have cuts. then when the cuts there them in the face, they say not those cuts. that's the real problem. e their owns to gordon ac ox. host: scott is looking to start a business. in "politico" is this article this morning -- in "usa today" -- doc in baton rouge, louisiana, good morning it. caller: i have my own insurance agency. host: talk to us about the fiscal cliff. caller: i am kind of concerned about it.
, even though the line between species. steve, bomb. [applause] the race to build and steal the world's most dangerous weapon, published by flashpoint, an imprint of roaring brook press. a riveting thriller of a book that tells of the birth of a new age. to all these writers, thank you. thank you for your work. and thank you for what it will mean to young readers in our nation. this year's national book award for young peoples literature goes to william alexander or "goblin secrets." [applause] ♪ ♪ >> okay. okay, we now have proof that alternate universes exist. there is one, there's absolutely one, there has to be, where endangered texas over this one a little further where it was written by a noble author. i think it won both times. and just another step, ma just another little step sideways from where we're standing, out of reach, out of reach has to take this home for create such a substance, out of such a wrenching absence. and this moment, just a little, little step away from where we are, we are also being reminded of the devastating importance of narrative in never fall do
today columnist steve strauss, who doles out advice to small business owners. > > what i love is that this actually is a great time to be in business. yes, there are some businesses that are struggling, but we just saw that the unemployment rate dipped to 7.8%. why is that? there are 28 million businesses in this country. 99% of those are small businesses, meaning 1-, 5-, 10-, 20-employee businesses. so if the unemployment rate is coming down, what does that mean? it means small business is going up and is growing. so it's actually a great time to start and run a business. my dad owned some carpet stores in southern california when i grew up, and the economy went up, and the economy went down, and his business went up, and his business went down. but the truth is, these days, no one has to be dictated by your own local economy. you can do business all over by being online. and there are so many more tools available that allow you to run your business. so, my dad ran his business by himself. if he didn't know something, he didn't know something. today what would you do? you wou
this beautiful view. it's a beautiful scene. she is the wife of steve our colleague here at wgn. lots of clouds today these produced snow this morning. these things will brush the shoreline and go into northwest indiana. then a pretty good plume of snow sets up late tomorrow night feeding into indiana. not a huge amount of snow will come down up to seven tenths of an inch in this spot. freeze advisory's in florida down along the gulf coast tonight and wind chill advisory's up north we may be visited by that cold air this storm has two pieces to it. look at the radar returns there this is headed into the same terrain that saw a big snow earlier in the week. it's pretty impressive but the tallest clouds the one producing the heaviest precipitation clearly down to the south of us. we got in on that some areas particularly close to the lake. upwards of 6 in. in missouri. this is what is missing to the south. didn't know there was an evans illinois. this system will consolidate and to blow off of the east coast producing big snows and the new england. this is quite interesting, a couple of our mode
that steve jobs would never intentionally do. they are doing all right with selling, but they have to sustain the sales next year. it will be increasingly difficult. apple is throwing out products fairly rapidly. number tim cook came out compact. his training is much like hp and dell. he was never a steve jobs clone. unfortunately, apple was designed to run under steve jobs. david: steve jobs is gone, tim cook is in. does apple ever recover the historic price levels that we saw for their stock just a few months ago? >> it seems, i mean, if you change enough of a company that has been trading very well that has been doing excellent, making almost no mistakes, it is difficult, the odds are against it. it is always possible, but the odds are against it. the apple today is not the apple that was trading at those highs. david: they are telling me i have to cut short. no po, flop or success? will this phone help them? >> i love the 920. android is looking weak. apple is looking a little bit weaker. those two companies will try to come back next year. the 920 is sold very well. it will be a race to
ahead? steve liesman has that for us. >> this could be the fiscal cliff game at home report. now that there is a plan in motion, can you see some of the things that are in play here. the revenue side of the fiscal cliff $520 billion, spending side, $130 billion. some piece of that is going to go away if indeed they do end up capping the increases of those at $400,000, 450 and above. we don't know how much. perhaps the vast bulk of it could go away. no discussion on wlornt automatic spending cuts for this year would be affected at all. there's the total 650. impact of the total fiscal cliff this year and by way of contrast or comparison, here is the gdp effect. we gained in nominal terms and that's why going over the cliff means negative growth, it means a recession. here is some of the detail of what we ever talking about here. 620 billion. that's the total revenue. depends on which numbers you use. moving on, per capitia effect, it affects different people differently. 26.2 million is the number of americans that will see an increase in taxes subject to amt that alternate taxati
in sight just more of the same way blame game . e week before the taxes are going to sky rocket. steve is live in washington. >> good morning, gretchen and everybody. washington is shut down for the christmas holiday . when everybody does come back to town, the ball will be in the democrat's court because speaker boehner was unable to bring his on board. for the plan b. >> onous is on senator reid and the president to come up with a solution and present it to the house and get back to the bargaining table. >> now the president has insisted on a tax hike for the healthy but wants that at $250,000 or $400,000 and not one mill yen and even though the president scaled back his expectations for what can be accomplished some democrats said a grand bargain shouldn't be that hard to reach. >> we ought to take peeker boehner and the president's last offer and split the difference and it would be a package 2.6 trillion can couple that with 1.1 trillion and that would be close to four trillion needed to stabilize the debt and bring it down. >> the president and members was congress will return to
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
: who is steve rogers who you interview here? >> guest: steve rogers from chicago is a professor at the kellogg school of management at northwestern university. >> host: what was his connection with president obama? >> guest: like many african americans, businessmen and leaders who i interviewed, he was an early backer and supporter of obama. after obama lost a congressional primary to bobby rush in 2000, rush is a former black panther, now a congressman, he was deeply in debt, he went around looking for people to donate money to his cause and steve rogers, very successful businessman at that time before he became a professor gave him $6,000 to pay off some of his personal debts. in return obama promised that he would visit steve rogers and if he won a u.s. senate seat and speak to them so he did win the u.s. senate seat. rogers never heard from him. he called up and asked obama what he come? obama said i am too busy. i am getting phone calls from warren buffett and steve jobs and bill gates and all these important people and rogers said you promised and obama told him you are no
. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. shibani: breaking news, live pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter
iron oar a lot. >> let's get more insight from steve from web bush securities. how much of a nail biter is this for you in terms of fiscal cliff and the markets? >> i think pretty clear at this point that if there's a deal coming, it's gonna be coming very, very soon. i think the markets discounted the fact we are going to get some sort of deal t has held up fairly well here and i think if we don't get a deal, we will see a selloff. i don't know how considerable, but certainly see the 2, 3% decline in the market. >> does it amaze you, steve, that the markets, in your view, still consider a given that we are going to reach a deal? here we are thursday, december 27th. they still haven't issued a 48-hur notice for congress to return to capitol hill and yet you're saying the markets have baked in some sort of deal? >> yeah, i think so. i don't in he isly think the deal happened december 31st. if we pass waite without a deal earthquake the market will think something is going to happen in early january this is the way washington works, they walk right up to the edge of the deal, maybe even p
senior correspondent and founder of 15seconds.com. laura ashburn editor and steve roberts at the george washington university who spent a couple decades at "new york times." since nothing else came back looking back in our national history and not prosecuting paula broadwell for stalking or anything else. >> we were right after the presidential election, everybody was bored. and this happened during newtown or during the presidential campaign. it would not have been as big a deal. this was a timing issue. >> nothing else going on, remember how, you know, the stakeouts in front of jill kelley's house. >> how do they send 30,000 to 40,000 e-mails. just this nonstop, salacious story. >> yes, but it was great television. sex and espionage and spies. i mean, this was the kardashian of national security. >> that's not a good thing, pal. >> wrong metric. that was the kardashian impression in the worst way. it was to try to get eyeballs and sensationalize the story and good tv and good entertainment is not the same as good information. this was not a high-point political coverage. this was inhe
. this move to michelle ng obama's father's side of the family, michelle obama's and and this is steve johnson, the first lady's great-grandmother who traveled to four cities, she was a sharecropper's daughter born in 1879 and somewhere along the way she decided she did not want anything to do with the farming life and she was one of the first of michele obama's and sisters to set site on chicago in 1908. this is her husband who was a minister who also lived in chicago. this is the first lady's great great grandmother, and she arrived in illinois some time in the 1860s. the first lady describes herself as a south side girl but the family had no idea their roots in illinois go that far back. if you look at mary, you will understand why the family story says she was part cherokee. she obviously has a mixed lineage but i was never able to establish for sure whether that was true. this is the first lady's grandfather, a mislabeled slide, who left south carolina and arrive in chicago around 1931. this is millvinia, the owner of millvinia's brother. this is a photo, this is an amazing coat, there is
and his grandson steve upset their trip to costa rica has been delayed. >> i do not frustrate easily but i am frustrated right now. >> i just want to get my bags and get out of. and not deal with it anymore. >> reporter: but tony robinson is taking it in stride. >> i am not frustrated because i have heard that it is delays here are common. i just want to get home for christmas. >> reporter: an sfo spokesperson says he anticipates passengers will continue to see delays and cancellations through midnight. at sfo, philippe djegal, kron four news. the national weather service has also issued a flood warning for pescadero creek in san mateo county this afternoon and flash flood warnings have been issued sfor san mateo and santa cruz counties. authorities say the pescadero creek has been rising for several hours and the warning has been extended to 8:30 tonight. residents and others in the area should move to higher ground. we'll keep a close eye on those advisories and keep you updated. more than 6,000 bay area residents without power; most outages in north bay counties thousands of bay area r
favorite confidence men because teammate steve martin of a villain. i wonder as you look on the scene today how do you assess president obama as a confidence man and a panoply of confidence men, and not to put a fly in the ointment but how do you assess that from me as a confidence man? >> why don't know. we are going to work this side of the street and work - they said my daughter you are soberly and that funny and smart why don't you run for president? i don't have it in me. at the end of the george bush was trying to go and at the end of the day i was free to shoot myself. [laughter] so there are these people in the system that spend that spend their whole life doing press and their politicians and once in a widely public servant has the capacity to be a public servant and there's time left over at the end of the day between lobbying and banking to take care of the country. and as milton friedman said, we just don't have the time to bone up on the people trying to rob us through the x corporation and rob us through the light union and the people getting a subsidy for this and of that. be
it to a neighbor of obama's. he didn't know whether to say whether that note was ever delivered. >> who is steve rogers, who you also interviewed? >> he is a professor at the kellogg school of management. at northwestern university. >> what was his connection with president obama? >> like many african-american businessmen and leaders, whom i interviewed, he was an early backer and supporter. he was primary to bobby rush in 2000. the former black panther corpsmen. he went around looking for people who donate money to his cause. steve rogers is a very successful businessman before he became a professor. he had $6000, i believe, to pay off some of his personal debt. in return, obama promised that he would visit steve rogers students. and if he won the u.s. senate seat, he did win the u.s. senate seat. rogers never heard from him, so he called him up and asked obama witty comment, and he said, i am too busy. i am getting phone calls from warren buffett and from steve jobs and bill gates in all of these important people. and he said, but you, it's. and obama said, well, you know, promises made by pol
cliff. >>good afternoon. i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession. republicans and democrats are blaming each other for the stalemate. the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard to prevent it. the 500 happened last night. the shooting death on the west side. 40 year-old nathaniel jackson was pronounced dead just after midnight. three hours after he was
'm sean lewis in for steve sanders. and i'm cortney hall in for dina bair. we welcome our viewers who are watching us around the country on wgn america and on the web. it's our top story. a bears victory over the lions was was not enough to keep lovie smith employed. matt forte rushed for 103 yards and a touchdown, while the defense forced six turnovers. the bears won 26- to- 24, and finished the season ten- and- six. but the vikings beat the packers to secure the sixth and final playoff spot over the bears. let's go live to halas hall where wgn's rich king is. hey rich. he is a out of there is a good coach. confirmed about an hour ago after stories broke this morning. after nine years as coach of the bears. missing the playoffs five out of the last six years did him in. a nine year career here in chicago. it began pretty well. he was coach of the year his second year. he is always in charge of the defense. the defense did well over the years. he had no offense. the offense struggled this year. it was hoped to be better. it did not work out that way. it eventually cost him his job. n
. >> julie seger watches c-span on verizon. >> on the subject of the fiscal cliff, we spoke to steve forbes this morning and got his take on the subject. host: joining us now is the chairman and editor in chief of forbes media, steve forbes. he will be with us for the next 45 minutes to take your calls. let's start with where we started this morning on "washington journal." have you looked at the fiscal cliff and have you made plans or altered your 2013 spending as a business owner on this issue? guest: the answer is not yet. the big factor will be what happens in health care, which kicks in it in 2013 and 2014. you're kind of immobilize until we get a fix. we are moving ahead on the projects we are doing. people are being cautious. we hope this thing will be successfully resolved and that we do not go into a recession next year. host: how would you like to see this issue played out in washington? what is the best economic solution? guest: the best economic solution is to avoid raising taxes. the best we can hope for is that they kick the can down the road for a couple of months. you are no
'm beginning to follow jesus with steve louisiana tor ret, you're crazy. >> sorry, baby. can't top jesus. >> thank you so much. we'll be right back. [ nyquil bottle ] you know i relieve coughs, sneezing, fevers... [ tylenol bottle ] me too! and nasal co [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> more good economic news this morning when can tcomes to new home sales. they are up for the month of november and the best in two years. alison kosik is here to break down the numbers. >> this is another sign that the housing market continues to be the brightest bright spot in the economy. new home sales rose 4.4% in november. that's in line with forecasts in showing that the median price for a home is just over $246,000. this is a sharp turn around when superstorm sandy drug down the sales. these numbers give us good indications about how the overall economy is doing. new homes typically are more expensive than previously-owned ones since they are built from
. that is the word from his vice president. steve, how bad is the president's condition? >>reporter: it looks like the condition is very serious. this was the fourth operation for a pelvic-area cancer for chavez, an undisclosed fact of the type of cancer. he has not been seen or heard from publicly in the past three weeks. all this is happening in cuba, and now the vice president has gone from venezuela to cuba marking how serious the condition is. requests have been made to the people of venezuela to pray for chavez and new year's celebration are canceled. >>trace: if president chavez dies who replaces him? >>guest: that is tricky. we are right in between an election back in october and a potential ininauguration on january 10. he has said he wants his vice president, a one-time bus driver, to replace him. it is not clear that would happen if he died now they have to hold an election in 30 days but it is more complicated than that. if chavez dies before the john 10 inauguration, that election is run by the head of the parliament. but if he dies after january 10, it is run by the vice president so
this weekend. we reached out but haven't heard back yet. steve moore is here with us. if the strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, there's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, wholesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart are the two groups? >> it's interesting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is they object to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these m
of bankruptcy? you can't go more than bankrupt. and extreme leader steve jobs, for example, might be the one person. if you're the voter and you think the united is in a crisis, and the system has failed and the people who choosing normally cannot get us out clearly had. you want to gamble. the system isn't working anymore. it's time break. and you can't get a worse outcome than total failure than bankruptcy and civil war. so that's one thing. the second i think there are anythings you do if you choose to take an extreme. you should reshape the job. you should never have an outside ceo the chairman and board of directors. there's no circumstances there's a good idea. .. and change course when they're wrong, but were everyone else always been the fair rate. so i think the key if you look at lincoln and judith folkman, an extraordinary scientt
in a room with hitler, the two of them would negotiate a deal. he refused steve cutler was a mad and, that hitler didn't care about the german people, that hitler had other fears that drove him. he believed there would be a rational actor. he told the leader of the zionist community in the first president of israel, he said i'm going to go meet with him, work it out. it became so it anti-churchill, anti-british, antiwar effort that the british opened a file on him, which i founded the national national archives in britain called the candidate and a fine. and in the german archives, there are records of his conversation with the german diplomats wanting to get to berlin to negotiate an end to the war and to negotiate a settlement that would prevent war and i would rescue the jewish refugees. again, not for the first time he had gone from being an insider to the outside. he returned to this country in disgrace. he supported roosevelt for reelection in 1940, which is all roosevelt wanted the way roosevelt did not fire as he should have. he retired and got an interview through the battle
margie omero, and chip saltzmann. i want to talk about with what steve la tourette had to say today being interviewed on cnn. >> this isn't a one party or a one house problem. this is leaders of both parties and all branches of the government not willing to make the deal they know they have to make. everybody wants to play the blame game. this is about to put us over the edge. >> perry, i want to start with you. if perception is reality and the blame is going to matter to somebody, which side is it really going to matter to? ivities the blame is on both sides. what's driven this whole process is republicans are very opposed to -- just the republicans who will vote for any tax increase. we learned last week from the plan b vote. once we go over the cliff, republicans are ready for a tax cut, not an increase. right now that's what the big challenge is. >> chip, is that the biggest strategy here, get to the third and pass the third, the new congress comes in, boehner danger doesn't exist anymore, his speakership stays in place and grover norquist gives a thumbs up to up? >> i don't think tha
't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart arehe two groups? >> it's inresting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is theybject to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these markets every day. it's happening in every industr
congress steve la turret of ohio, a member of the appropriations committee. thanks for coming "outfront." with this plan that the president's put forward, the scaled-down plan which would keep taxes low for 98% of americans, raising them for folks over 250, extending unemployment benefits. would you vote for that as an alternative to going over the fiscal cliff? >> i would have voted just to extend the tax cuts for 99.8% or whatever it was of americans that was john boehner's plan "b." a couple of things are either being misreported or inaccurately reported because what gets in the way of the president's plan is the constitution of the united states. and the good thing about this meeting is that the focus is now firmly on the united states senate where it should have been all these months. the house acted a long time ago to extend all the tax cuts and take care of sequestration. the senate has given speeches. >> you're referring to the fact that revenue issues are supposed to generate in the house. right now, both speaker boehner and the president say it's between reid and mcconnell whi
. he still makes more than the late steve jobs, he had a $1 salary every year over his stock options. it is easy to say he is being punished for the stock price decline in apple but i think it was set up before, the precipitous decline. tracy: should heat man up and take $1? lori: i think a company like apple with its huge cash turn and the money it makes probably one of the toughest ceo jobs, probably earns it. tracy: plenty of apple products. lori: we should really judge, that is what the board is for, all of these -- tracy: very diplomatic of view. new applications for jobless claims fall to a five year low. is this a sign of real progress or a technicality tied to the holidays? economist and senior fellow kevin hasset at that. lori: major trading partners around world. it is stronger, people flocking to the dollar, flocking to u.s. treasurys, running out and raising for the exodus, u.s. equities market, it is the fight for equality under way. we're back after this. tracy: three trading days left in 2012. all eyes on the fiscal cliff, sandra smith looking at our commodities are re
of late senator inouye. this morning's paper. back to your phone calls here. steve in indiana. democratic caller. caller: religion should have nothing to do with politics. if religion -- if you let religion in, then you are going to end up like iran or afghanistan. look at what happens in them countries. they tell you what you can believe and stuff, and that is not the way things should be. host: pensacola, florida. republican caller. caller: in response to an earlier caller about thomas jefferson being a secularist -- he actually was a declared christian. he believed in christian principles. and most of his politics were used in an 1892 court decision, supreme court decision that says 9-0 that this country was founded on christian principles. it didn't mean that it was freedom from religion. it was freedom of religion. we are a christian country. we are not like, as the last caller says, the failed governments of iran and iraq because our religion. those are terrorist religions. ours is based on the love and piece of jesus christ. host: markets from pensacolam fromarcus from pensacola. r
, na, na, na, ♪ your branches are so nice >>> a holiday mashup. from mather deejay steve porter. jingle all the way oh what fun it is to rock and roll with "gma" ♪ ♪ this is a christmas miracle a christmas miracle ♪ ♪ this time of year is wonderful ♪ ♪ ♪ oh ♪ give me lots of holiday parties ♪ ♪ where do you want me ♪ this is the place to be >> oh, my gosh. ♪ i do know this ♪ let the gun begin. ♪ "gma" took it to a whole nother level ♪ ♪ i think you might like it ♪ just freeze it ♪ you have never looked better ♪ let's try this again ♪ jingle jingle jingle all the way ♪ ♪ a beautiful sight we're happy tonight walking in a winter wonderland ♪ ♪ the holiday mashup. the holiday mashup good morning, everyone ♪ ♪ we're going to give all kinds of good stuff ♪ ♪ carol of the bowls ♪ ♪ take a look, oh gosh, oh good everybody's good ♪ ♪ we're on the way we're on the way helping out this holiday ♪ ♪ "gma" the holidays ♪ naughty nice naughty nice ♪ four four four >> a big christmas greeting to robin roberts and the w
in a decade. some are in it for the first time like steve jobs jon stewart, and barack obama and plenty more. we spoke with the men responsible for collecting the world's most memorable lines. >> ask not -- >> they range from the epic -- >> what your country can do for you, ask what you can do for your country. >> to the outrageous. >> i love the smell of napalm in the morning. >> some are better sung. ♪ for only love can conquer ♪ >> others can hardly be read. they are the phrases that define our world, all found side by side in one place, "bartlett's familiar quotations." if you want a snapshot of who we are and why, this is where to look. >> always be closing. >> the collection of quotes was first published by john bartlett in 1855 as a way to keep notable passages all in one place. it was then 258 pages long. >> obviously, the original edition was dominated by the bible, by shakespeare. that is what has expanded tremendously. >> the complete works of elizabeth jordan. >> geoffrey o'brien is the editor of the just-released 18th edition of bartlett's, now a massive
for the economy in the new year. here is steve liesman with a preview of what he expects in 2013. >> trying to figure out what's going to happen in 2013 depends on one very important development. whether the u.s. goes over the fiscal cliff in a few days' time. and, for how long. if it's avoided, there's considerable upside for the economy. we could see at least one, and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment under the uncertainty, unleashing business spending would add to the growth from the rebound in housing and from the consumer who has hung in there despite tough times. in fact, we could see unemployment drop below 7%. although it might first rise, and people come into the workforce will be discouraged but then it could start to fall. as for the fed i think the market may be overstating its expectation for asset purchases from the central bank in 2013. at the current pace the new round of quantitative easing will add $1 trillion to the balance she
, including making it possible for us to hire such extraordinary people like steve edwards and been restored and all of the other people -- and ben reeseberg and all the other people. [applause] you have been wondering what i have been doing and i have been wondering what you have been doing. [laughter] >> those who were disappointed by this outcome, the democrats elated by this outcome -- given the conventional wisdom around this campaign, the president's approval ratings that were barely above 50%, often dipping below it, the unemployment around 8%, gdp growth stock of around 2% -- the conventional wisdom was that should -- that this president should not be reelected. as you take a look at what happened two weeks ago, how do you assess this? >> let me just say first that i made a very good living and politics betting against conventional wisdom. it is a general principle of mine that the conventional wisdom is almost always wrong and it was wrong here. it was wrong here because what we often do in political circles and journalism is that we look at what happened in the last election or pas
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